Two Million and Counting for Betfair

October 14, 2008 (InfoPowa News) — The internationally active online betting group Betfair has signed up customer number 2,000,000 in the form of Bo Ohrman — a 59-year-old Swedish civil servant resident in the town of Linkoping.

Öhrman was shown the website by his brother and saw the potential to make some extra cash … and his first bet — on Wall Street finishing down on the day's trading — was a winner.

"You have to back yourself in life and when my brother showed me the site I could see instantly that it gave me a wide range of choices and I could pick my own odds," said Bo. "It's certainly more fun betting on Betfair than it is betting on the stock market at the moment!"

To celebrate the milestone, Betfair is flying the betting Swede over to London for a VIP weekend in the capital, where he hopes to take in some Premier League football and a West End show.

Ohrman became 'Mr Two Million' just 20 months after Betfair broke through seven figures, a feat that took more than six years to achieve. Spokesmen say that the firm's customer base is becoming increasingly international as punters around the world take to the exchange model of betting.

David Yu, CEO of Betfair, said: "In a year when we won a Queen's Award for International Trade, it is fitting that Betfair's two millionth account comes from outside the U.K.

"Our international customers are already an essential part of our business and they are growing larger in number every day, so congratulations to Mr Öhrman — he's joined the world's biggest online betting community."

Betfair started business eight years back and reached its first million customer milestone just over eighteen months ago.